Monthly Archives: April 2013
SAC Portfolio Manager Michael Steinberg Allegedly Earned $1.4 Million in Illegal Profits through Insider Trading
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District of New York, today announced conspiracy and securities fraud charges against Michael Steinberg, for his alleged involvement in an insider trading scheme. Steinberg, 41, is charged […]
Studies Predict Hard Times for Hedge Funds That Don’t Leverage Investor Accounting Technology
The 2012 annual surveys of the hedge fund industry are out, and all of them point to an increasingly competitive business environment for running an alternative investment fund. Management costs continued to rise as investor and regulatory demands on the […]
TFG Systems Appoints Marc Sharman to Manage Outsourcing Service to Hedge Funds
New York (HedgeCo.net) – Hedge fund risk and portfolio management service, TFG Systems, is extending its market leading, hosted platform to provide an outsourced operations service to UK hedge funds. TFG will offer hedge funds an outsourced operations service, leveraging their […]
Trinity Fund Administration partners with eClerx and Arbour Financial Systems to provide TotalHedge3
30th April 2012 – Trinity Fund Administration is partnering with eClerx, a global provider of knowledge and business process outsourcing solutions to the financial services industry and Arbour Financial Systems, a fund management software provider. Together these three market leaders […]
SS&C Nominated for Six Awards, Wins Best Administrator — Over $30bn Fund of Hedge Funds Award
Press Release – SS&C Technologies, a global provider of investment and financial software-enabled services and software, today announced that SS&C Fund Services has been recognized as “Best Administrator – Fund of Hedge Fund Provider Over $30bn”. The award which was presented […]
PerTrac: Largest Hedge Funds Continue to Dominate
New York (HedgeCo.net) – Single-manager hedge funds with greater than $1 billion under management account for a mere 3.9% of reporting funds, but they control about 60% of the total single-manager hedge fund assets, according to a study conducted by PerTrac. […]
Money manager Williamson found dead in automobile
Investment News – B. Robert Williamson Jr., a money manager at Chilton Investment Co. and nephew of hedge fund pioneer Julian Robertson, for whom he once worked, died during a visit to his native North Carolina on April 22. He was […]
US based hedge fund Och-Ziff halts India funding
Economic Times – Och-Ziff, the $30-billion New York-based hedge fund, has frozen secondary market stock investments in India due to soaring compliance costs and muddled tax policies, four people familiar with the development said. Sumit Choudhary, the Hong Kong-based managing […]
Hedge Funds Bet Against Euro Zone
CNBC – Hedge fund managers make for unlikely supporters of François Hollande, the French socialist presidential candidate, the Financial Times reports. But it is Mr Hollande’s potential victory in the coming second round of the French elections, and with it […]
Hedge Fund Mergers & Acquisitions: Merlin Securities Team Joins Wells Fargo
New York (HedgeCo.net) – The hedge fund division (Wells Fargo Securities) of $1.3 trillion financial services company Wells Fargo, has reached a definitive agreement to acquire Merlin Securities, a prime brokerage services and hedge fund tech provider. “Merlin’s capabilities fill […]
Hedge Funds Care To Raffle Fisker Electric Car
New York (HedgeCo.net) – The “Open Your Heart to the Children” Benefit, organized by the Hedge Funds Care Midwest Committee of Hearts, will raffle a new 2012 Fisker Karma Sedan, the world’s first high-style, high-performance luxury electric car, at a […]
Alan Howard Tops U.K. Hedge Fund ‘Rich List,’ Sunday Times Says
BusinessWeek – Brevan Howard Asset Management LLP co-founder Alan Howard’s personal fortune increased 44 percent over the past year to 1.4 billion pounds ($2.3 billion), putting him at the top of the annual Sunday Times list of wealthiest U.K. hedge […]